The micro, small and medium businesses face problems of non-availability of adequate and timely credit at cost effective rates, technological obsolescence, marketing constraints, non-availability of skilled human resources, infrastructural bottlenecks, high input costs and a host of rules and regulations. Besides the above, the issue of delayed payment is a big concern that affects the MSME the most. MSMEs supply lots of materials to Defence, Railways, Space research, PSUs, state and Central govt. establishments, whereas payment from these organisations gets delayed over 180 days, despite having an MSMED Act in force, where payment should be made within 45 days. Government should work in this regard for the enforcement of law.
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